Madison, NC Real Estate
According to census data in the year 2000 there were 1,049 housing units in Madison.
This represents a 0.7% growth from 1,042 in 1990.
Of those housing units, 1,005 were located in either urbanized areas or urban clusters, and 44 were located in what is classified as a rural area.
Homeownership rate in Madison is about 63%.
Madison's vacancy rate, including seasonal lodging, is about 8.1%.
Average household size is 2.31 people.
The majority of houses, apartments or condos in Madison were built after 1961.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.80% |
| One Bedroom | 9.50% |
| Two Bedrooms | 33.60% |
| Three Bedrooms | 43.80% |
| Four Bedrooms | 9.30% |
| Five Bedrooms or more | 3.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.43 |
| Median year structure was built | 1960 |
| Median Value of occupied units | $82,300 |
| Median Price asked for vacant units | $67,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.1 |
| Median year structure was built | 1963 |
| Median Monthly Rent asked for vacant units | $389 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4% |
| Home Equity Loan | 5.20% |
| Simple Mortgage | 50% |
| Debt Free | 40.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.8% |
